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Gaia vs Kartoon Studios: GAIA and TOON compared
Gaia is the larger company: $22.0M of revenue in its latest quarter (Q3 2026) against $5.8M for Kartoon Studios (Q2 2026). Gaia is growing faster (-12% against -43% a year earlier). Gaia is more profitable, with an operating margin of -13.4% against -58.6%.
Where the money goes: GAIA and TOON
Gaia (GAIA) · Q3 2026
Gaia, Q3 2026: revenue $22.0M (-12% year over year), operating margin -13.4%, net loss $3.1M, operating cash flow −$4.1M. The chart follows the revenue to costs, profit and cash.
Kartoon Studios (TOON) · Q2 2026
Kartoon Studios, Q2 2026: revenue $5.8M (-43% year over year), operating margin -58.6%, net earnings $26.9M, operating cash flow $34.3M. The chart follows the revenue to costs, profit and cash.
| Gaia (GAIA) | Kartoon Studios (TOON) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $22.0M | $5.8M |
| Revenue growth, Y/Y | -12% | -43% |
| Operating margin | -13.4% | -58.6% |
| Net earnings | −$3.1M | $26.9M |
| Net margin | -14.1% | 463.0% |
| Operating cash flow | −$4.1M | $34.3M |
| Free cash flow | — | $34.2M |
Where the revenue comes from
Kartoon Studios
- Production Services: $3.5M (59%)
- Content Distribution: $1.9M (32%)
- Media Advisory and Advertising Services: $448K (8%)
- Licensing and Royalties: $61K (1%)
Questions
Which is bigger, Gaia or Kartoon Studios?
Gaia is the larger company: $22.0M of revenue in its latest quarter (Q3 2026) against $5.8M for Kartoon Studios (Q2 2026).
Is Gaia or Kartoon Studios growing faster?
Gaia is growing faster (-12% against -43% a year earlier).
Which is more profitable, Gaia or Kartoon Studios?
Gaia is more profitable, with an operating margin of -13.4% against -58.6%.
More: Gaia earnings · how Gaia makes money · Kartoon Studios earnings · how Kartoon Studios makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.